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STATEMENT FOE THE PRESS For immediate r e l e a s e s t . 6099 Federal Reserve Board, February 18, 1929. CONDITION OF WEEKLY REPORTING MEMBER BMKS IN LEADHG CITIES The Federal Reserve B o a r d ' s condition statement of weekly r e p o r t i n g member banks i n 101 l e a d i n g c i t i e s on February 13 shows decreases f o r the week of $22,000,000 i n loans and of $31,000,000 in investments, and i n c r e a s e s of $95,000,000 i n n e t demand d e p o s i t s and of $50,000,000 in borrowings from Federal r e s e r v e banks. Loans on s e c u r i t i e s were $30,000,000 below the February 6 t o t a l at a l l r e p o r t i n g banks, the p r i n c i p a l changes in t h i s item by d i s t r i c t s being d e c l i n e s of $54,000,000 i n the Hew York d i s t r i c t , of $9,000,000 in the Boston d i s t r i c t , and of $8,000,000 i n the P h i l a d e l p h i a d i s t r i c t , and i n c r e a s e s of $23,000,000 i n the Chicago d i s t r i c t and of $l6,000,000 i n the San Francisco d i s t r i c t . "All o t h e r " loans i n c r e a s e d $26,000,000 at r e p o r t i n g member banks i n the New York d i s t r i c t and $7,000,000 i n the P h i l a d e l p h i a d i s t r i c t , and declined $8,000,000 in the San Francisco d i s t r i c t and $5,000,000 i n the S t . Louis d i s t r i c t , a l l r e p o r t i n g banks showing a net i n c r e a s e of $8,000,000. Holdings of U. S. Government s e c u r i t i e s d e c l i n e d $14,000,000 a t r e p o r t i n g banks in the New York d i s t r i c t and $19,000,000 a t a l l r e p o r t i n g banks, while h o l d ings of other s e c u r i t i e s d e c l i n e d $10,000,000 i n the New York d i s t r i c t and $12,000,000 a t a l l r e p o r t i n g banks. Net demand d e p o s i t s , which a t a l l r e p o r t i n g banks were $95,000,000 above the February 6 t o t a l , i n c r e a s e d $58,000,000 i n the Chicago d i s t r i c t , $52,000,000 i n the San Francisco d i s t r i c t , $13,000,000 i n t h e Cleveland d i s t r i c t , $7,000 ; 000 each i n the Kansas City and D a l l a s d i s t r i c t s , and $6,000,000 i n the A t l a n t a d i s t r i c t , and declined $4l,000,000 in the New York d i s t r i c t and $7,000,000 i n the P h i l a d e l p h i a d i s t r i c t . Time d e p o s i t s declined $12,000,000 a t a l l r e p o r t i n g banks, $19,000,000 in the New York d i s t r i c t and $9,000,000 i n the San Francisco d i s t r i c t , and i n creased $7,000,000 and $6,000,000, r e s p e c t i v e l y , i n the Chicago and A t l a n t a d i s tricts. The p r i n c i p a l changes i n borrowings from Federal r e s e r v e banks f o r the week comprise an i n c r e a s e of $52,000,000 a t the Federal Reserve Bank of New York, of $12,000,000 a t Chicago, and of $8,000,000 each a t P h i l a d e l p h i a and Cleveland, and reductions of $8,000,000 each a t the Federal Reserve Banks of Boston and S t . Louis and of $6,000,000 each a t Kansas City and D a l l a s . A summary of the p r i n c i p a l a s s e t s and l i a b i l i t i e s of weekly r e p o r t i n g member banks, t o g e t h e r with changes during the week and the year ending February 13, 1929» follows: (In m i l l i o n s of d o l l a r s ) Feb. 13 I n c r e a s e or decrease since 1929 Fob. 6,1929 Fob. 15.1928 + 951 22,243 Loans and investments - t o t a l 53 On s e c u r i t i e s All other > Investments - t o t a l U. S. Government s e c u r i t i e s Other s e c u r i t i e s . > Reserve with F. R. Banks Cash i n v a u l t Net demand d e p o s i t s Time d e p o s i t s Government d e p o s i t s C. 22 +1,025 7,525 8,708 + 30 8 + + 6,010 - 31 - 3,084 2,926 - 19 12 1,740 261 + 11 24 13,510 6,879 43 Due from banks Due to banks Borrowings from F. R. Banks - 16,233 Loans - t o t a l 1,190 2,927 1 669 — + - - + , — + 95 12 7 36 79 50 + - - + - + + 959 66 74 86 161 15 7 182 258 S - 54 469 + 309 — -Federal Reserve Board, February IH, 1929 For immediate r e l e a s e CONDITION OFTCEEELY.BEP0KJI17G -SMBEB BANKS IN CENTRAL RESERVE CITIES (In ".millions of d o l l a r s ) Feb. 13 Feb. 6 Feb. 15 1929 1929 192S NEW TOBK Loans and investments - t o t a l 7,187 _L22I 6,838 Loans - t o t a l 5,30% 2,817 2,487 5,321 2,857 2,464 1*252 2,49s 2,461 1,883 1,128 755 Ai305 l,l4o 765 1,878 1,087 791 On s e c u r i t i e s All other Investments - t o t a l U. S. Government s e c u r i t i e s Other s e c u r i t i e s Reserve with F. R. Bank Cash in v a u l t Net demand d e p o s i t s Time d e p o s i t s Government d e p o s i t s 7^0 61 7 54 751 53 5,422 12 5,357 1,201 i4 Due from banks Due to banks 95 943 102 970 107 1,077 Borrowings from F. R. Bank 174 ll4 123 1,097 1,359 2,612 5,568 4,qg4 584 1,116 1,931 2,621 5,669 1,152 1,531 1,136 3,819 5,081 58S 2,898 922 Loans and investments - t o t a l 2,076 2,066 ..1,9^2 Loans - t o t a l 1,617 899 718 1,613 889 724 1,1^9 459 200 259 . 4% 502 199 254 234 268 179 18 182 16 135 IS l,26l 632 1 1,243 675 1 1,271 645 2 165 330 150 328 167 383 • SI 77 11 Loans on s e c u r i t i e s to brokers and d e a l e r s : For own account For account of out-of-town banks For account of o t h e r s Total On demand On time 5,294 11 CHICAGO On s e c u r i t i e s All other Investments - t o t a l U. S. Government s e c u r i t i e s Other s e c u r i t i e s Reserve with F. R. Bank Cash i n v a u l t Net demand d e p o s i t s Time d e p o s i t s Government deposi fcs Due from banks Dae to banks Borrowings from F. R. Bank 792 547 ( S t . 6099a) For immediate r e l e a s e St. 6099"b PRIHCIPU RESOURCES AND LIABILITIES OF WEEKLY REPORTING MEMBER BANKS I I EACH FEDER.IL RESERVE DISTRICT ON FEBRUARY 13, I929 (In p i l l i o n s of d o l l a r s ) Federal Total Boston Hew York Reserve Phila. Cleve. Rich. District A t l a n t a Chicago St.Louis Minn. ICans.Cy. Dallas San Fran. Loans and i n v e s t m e n t s - t o t a l 22,243 1,475 8,4O4 1,238 2,203 676 64i 3,347 737 384 687 498 1,953 Loans - t o t a l 16,233 1,111 6,199 896 1,507 518 506 2,588 537 253 450 367 1,301 7,525 3,708 458 654 3,235 2,963 502 39% 710 798 202 316 160 345 1,211 1,377 260 277 80 173 151 299 129 238 428 873 6,010 363 2,205 342 695 158 136 759 200 131 237 131 652 3,084 2,926 lol 203 1,22s 977 107 234 W 71 . 87 % 36l 397 82 118 74 57 li4 123 4i I,74O 261 io4 is 809 76 76 16 126 31 4i 11 42 10 25s 43 •50 7 24 6 60 12 35 9 116 22 13,510 6,879 %3 916 476 1 5,895 1,715 13 735 289 3 i,o4o 370 24O 1 338 234 2 1,909 1,26S 2 418 24l 1 216 139 520 177 1 320 146 4 £32 970 11 1,190 2,927 50 108 147 1,003 214 51 103 86 120 239 464 145 52 85 119 216 68 112 151 194 669 30 206 74 17 37 133 18 8 13 14 71 On s e c u r i t i e s 111 other Investments - t o t a l U. S. Govt, s e c u r i t i e s Other s e c u r i t i e s Reserve with F. R. Bank Cash in v a u l t Het demand d e p o s i t s Time d e p o s i t s Government d e p o s i t s Dae from t a n k s Dae to banks Borrowings from F. R. Bank 45 . g;
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